NEW DELHI: Nelson India, a turnkey solution provider, plans to capture 30% market share of the turnkey solution industry in the next five years.

The company currently holds 10-15% market share of the Rs 1500 crore industry.

“We believe in coming years, the turnkey solution industry will see a lot of consolidation and only handful of players will remain,” says Sandeep Roy, Chief Operation Officer, Nelson India.

Roy expects the turnkey solution industry to grow at the rate of 15% in the next five years.

The manufacturing and availability of raw materials in India has helped a lot in the industry to grow.

Most of the raw materials such as Corian Table Top used to be imported and were expensive. Now these are being made available at lower cost.

“Earlier, only major corporate used to design their office spaces as they were the only one who could afford it. But availability of the raw material at affordable prices has allowed even the low and mid-segment companies to design their office spaces, indirectly opening up a new segment for turnkey solution providers,” says Roy.

The company plans to continue concentrating on design & build model with a special focus on Network Operation Client (NOC) sector.